Velocity Credit Union Austin TX | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Velocity at our Southwest Austin Branch, located at 4220 S Lamar Blvd, Austin, TX 78704! Since opening our doors in 1947, we have proudly served the vibrant community of Austin, helping over 76,922 members achieve their financial goals. With total assets exceeding $1 billion, we are committed to providing personalized banking solutions that fit your needs. At Velocity, we believe that everyone deserves access to quality financial services. Our offerings include everything from checking and savings accounts to auto loans and mortgages, all designed to support your unique journey. With a net worth of $154,057,049 and total deposits reaching $95,185,676, we stand strong as a reliable partner for your financial aspirations. Led by our dedicated CEO, Debbie Mitchell, and Board President, Kasha Bartholomew, our team of 213 employees is here to provide exceptional service and guidance. Whether you're looking for online banking options or personal assistance, we're just a phone call away at 512-469-7000. While members can visit us at our branch for in-person assistance, official correspondence should be sent to our mailing address: P.O. Box 1089, Austin, TX 78767. Join us today and experience the difference of banking with a credit union that truly cares about its members! Visit us online at Velocity Credit Union or stop by to learn more about how we can help you thrive financially.

Branch History & Mission

Join Us!

As we look toward the future, we invite you to be a part of our growing family at Velocity. Whether you're seeking comprehensive financial services or looking for ways to get involved in your community, you'll find it here with us. Come experience the benefits of membership today by calling us at (512) 469-7000 or visiting our website at Velocity Credit Union. Together, let's build a brighter future!

Mission Statement

At Velocity, our mission is simple yet profound: We aim to provide exceptional financial services while actively participating in community development. We believe that when our members thrive, so does the community around us. That's why we're dedicated to supporting local initiatives and partnerships that uplift those in need. In addition to traditional banking services like checking accounts and auto loans, we offer personal loans, debt consolidation options, and even business banking solutions. Our digital advancements allow members to access online banking and mobile payments easily, ensuring you can manage your finances anytime, anywhere. While members can visit us at 4220 S Lamar Blvd Austin Tx 78704, official correspondence should be sent to P.O. Box 1089, Austin, TX 78767.

Our Journey

Velocity began its journey as a small credit union focused on providing accessible financial services. Over the years, we have evolved significantly while maintaining our core mission: to enhance the lives of our members by offering personalized financial solutions and fostering community support. As we expanded our services and embraced new technologies, we also committed ourselves to being an inclusive institution that prioritizes the needs of all members. Our branch operates Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 2 PM. We understand that convenience is essential for our members; that's why we offer ATM availability for easy access to your funds. While we currently do not have drive-thru banking or shared service centers, our dedicated team is always ready to assist you inside the branch.

Branch Location & Accessibility

Accessibility and Parking

We understand how important accessibility is for our members. Our location features ADA-compliant access points and ample parking to make your visit as smooth as possible. Whether you're driving in or using public transport, getting to us is hassle-free.

Operating Hours

Our doors are open Monday through Friday from 9 AM to 5 PM, and on Saturday from 9 AM to 2 PM. This gives you plenty of time during the week or on weekends to come in and speak with our knowledgeable staff. If you have questions or need assistance, don't hesitate to give us a call at 512-469-7000.

Services Offered

At Velocity, we pride ourselves on offering a range of services designed for both personal and business banking needs. From checking and savings accounts to auto loans, mortgage options, credit cards with rewards, and more, we have everything you need under one roof. Plus, our ATM services ensure that cash withdrawals and balance checks are quick and convenient.

Visit Us Today!

While members can visit us at 4220 S Lamar Blvd for all their banking needs, official correspondence should be sent to P.O. Box 1089, Austin, TX 78767 if needed. We invite you to come see us soon! Discover how Velocity can help you achieve your financial goals today!

Member Eligibility

At Velocity, we believe that becoming a member means joining a community that truly cares about your financial well-being. If you're looking to be part of something special, membership is open to individuals who live, work, or worship in our local area, as well as their family members. This inclusive approach allows us to welcome a diverse group of people who can benefit from our personalized services and support. Whether you need help with savings accounts, auto loans, or just want to feel valued at your financial institution, Velocity is here for you. Getting started is simple! You can find all the details about eligibility and what it means to be a member by visiting our website at . When you're ready to open an account, the process is quick and straightforward; just check out the instructions at https://olb.velocitycu.com/velocitycreditunion_e2e/enroll.html. If you have any questions or need assistance, don't hesitate to reach out to us at (512) 469-7000. We're excited to welcome you into our community at 4220 S Lamar Blvd Austin Tx 78704!

Business Banking & Commercial Services

Our Commitment to Business Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $2 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $133,708, we continue to drive economic growth by financing new and expanding businesses.

Practical Merchant Services

In addition to loans, we offer essential merchant services that simplify payment processing for your business. Picture this: customers can easily pay with their cards while you manage transactions effortlessly. This not only enhances customer satisfaction but also streamlines your operations. Located at 4220 S Lamar Blvd Austin Tx 78704 in Austin, TX, we invite you to explore how our business banking solutions can empower your success. Contact us at (512) 469-7000 or visit our website for more details!

Comprehensive List Of Services

Business Banking Solutions

For entrepreneurs and small business owners in Austin, Velocity offers robust business banking services. From merchant services that simplify transactions to business loans that fuel growth, we are committed to helping local businesses thrive.

Convenient Digital Banking Features

In today's fast-paced world, convenience is key. That's why at Velocity, we offer comprehensive online and mobile banking features. You can manage your accounts anytime, anywhere from paying bills to transferring funds with just a few taps on your device. Our ATM services ensure that cash withdrawals and balance checks are always within reach.

Getting Started

Whether you're interested in opening a new account or exploring loan options, visiting us at 4220 S Lamar Blvd is easy. Feel free to give us a call at 512-469-7000 for any inquiries or assistance regarding our services. At Velocity, we pride ourselves on being more than just a credit union; we are a community partner committed to supporting your financial journey every step of the way. Visit us today and discover how we can help you achieve your financial goals!

Personal Banking Services

We understand that everyone has different financial goals. That's why our personal banking offerings include checking and savings accounts tailored for everyday use. Imagine easily accessing your funds with our online and mobile banking options, making it simple to check balances and transfer money right from your smartphone. For those looking to make big purchases, our auto loans and vehicle financing options provide the support you need to get behind the wheel of your dream car. Whether it's a new ride or refinancing an existing loan, we've got you covered. Additionally, if you're considering buying a home or refinancing your current mortgage, our mortgage loans are designed to help you achieve that goal smoothly.

Support for Everyday Expenses

Managing expenses can be challenging. Our personal loans are ideal for those unexpected costs or consolidating debt into one manageable payment. Plus, our credit cards come with rewards that can help you earn while you spend on things you love.

Digital & Online Banking

Key Features

Security is a top priority for us. We offer electronic signature authorization for documents, so you can complete transactions safely and efficiently. Plus, with e-statements available, you can say goodbye to paper clutter while keeping track of your account activity in a secure manner. Managing your finances should be straightforward and accessible. Our mobile payments feature allows you to pay for purchases directly from your phone, while our easy-to-navigate app puts all your banking needs at your fingertips. With these tools, real-time account management is not just a promise; it's a reality. In summary, Velocity is committed to providing modern banking solutions that fit your lifestyle. Embrace the ease of online banking today and experience how simple managing your finances can be!

Financial Strength

At Velocity, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are dedicated to maintaining a strong financial foundation that supports our community and enhances the services we provide. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $154,057,049, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 1485 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $135,504,325 in share certificates and $202,175,901 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. This commitment allows us to ensure our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $146,836,250 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust; with $11,659 in used auto loans and a total of $603,574,293 in loans and leases, we support members' financial goals across various sectors. Our operational efficiency is reflected in our performance. Although our net income currently stands at $0, it highlights our commitment to investing back into the credit union for future growth. We also take pride in having 209 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Net Shares (Funds available for lending and investments): $0. However, our total share accounts stand at 128,930, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Velocity is your trusted partner. Visit us at 4220 S Lamar Blvd Austin Tx 78704 or call 512-469-7000 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $265,045,368 in used vehicle loans and $124,315,090 in new vehicle loans already helping members get on the road. We provide flexible terms that fit your budget and lifestyle.

Credit Lines

For those who need a bit more flexibility in their finances, our total credit lines amount to an impressive $490,524,526. Whether it's for home improvements or unexpected expenses, these credit lines provide peace of mind when you need it most.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. With Junior Lien 1-4 Family Residential Properties loans totaling $82,890,801, we are here to support you every step of the way as you invest in your future.

Refinancing Options

If you're considering refinancing any existing loans or mortgages for better terms or lower rates, our experienced team can guide you through the process. We are committed to finding solutions that work for your individual situation. At Velocity Credit Union, we pride ourselves on providing transparent financial services backed by data from the National Credit Union Administration (NCUA) (https://www.ncua.gov), based on the latest results. Our goal is to empower our members with tools and resources to make informed financial decisions. No matter what your lending needs are whether it's an auto loan to drive off in style or a mortgage loan for your dream home our dedicated team is ready to assist you in achieving your financial aspirations. Visit us today at our Austin branch or give us a call!

Unsecured Credit Card Loans

Managing everyday expenses can be challenging. We also offer flexible terms on unsecured credit card loans, with a total of $30,847,836 in loans helping members manage their finances effectively. These cards come with competitive rates and benefits that help you make purchases without the burden of high-interest payments.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. With a commitment to transparency and reliability, LendMesh stands out as a trusted tool for borrowers seeking the most competitive rates. LendMesh ensures accurate loan comparisons by sourcing its data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This means users can trust that the offers they see are fair and transparent, reflecting current market conditions. One of the key benefits of using LendMesh is its focus on verified data. Loan offers are sourced exclusively from legitimate financial institutions, ensuring that users receive genuine offers without hidden agendas. Additionally, LendMesh does not feature sponsored listings; lenders are not prioritized based on paid promotions, which allows for truly unbiased results. With real-time rate comparisons available from multiple institutions, users can make informed decisions quickly. Thousands of users have found success with LendMesh in their loan searches. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" If you're ready to compare real-time loan offers and find the best rates for your needs, visit LendMesh today. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

Velocity